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Archive
- 10/23/2026 -
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Best Buy Co., Inc. (BBY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 7.24 points, or 7.82%, and closed at 99.87 on Friday, October 23, 2026. Weekly volume was -36% below average.
 Long-term trend: [See BBY long-term trend chart]
A long-term downtrend had started on November 22, 2021 at 141.97 and reached 54.99 on April 9, 2025. BBY lost 86.98 points, or 61.27%, in 176 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (51.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BBY may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on May 13, 2026 at 55.10 and reached 100.58 on October 23, 2026. BBY gained -45.48 points, or -82.54%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (99.50). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 22, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See BBY short-term trend chart]
A short-term uptrend had started on October 7, 2026 at 83.65 and reached 100.58 on October 23, 2026. BBY gained -16.93 points, or -20.24%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 14, 2026. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
6 |
| Industry |
Computer & Electronics Retail |
118 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
83.65 |
| Low Date |
10/07/2026 |
| High |
100.58 |
| High Date |
10/23/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
83.65 |
| Low Date |
10/07/2026 |
| High |
100.58 |
| High Date |
10/23/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Test Resistance |
| Resistance |
99.50 |
| Support |
87.51 |
| Low |
55.10 |
| Low Date |
05/13/2026 |
| High |
100.58 |
| High Date |
10/23/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
54.99 |
| Low Date |
04/09/2025 |
| High |
100.58 |
| High Date |
10/23/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
74.04 |
| Support |
51.39 |
| High |
141.97 |
| High Date |
11/22/2021 |
| Low |
54.99 |
| Low Date |
04/09/2025 |
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